FIL Ltd Boosts Stock Holdings in Autoliv, Inc. (NYSE:ALV)

FIL Ltd lifted its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,382,265 shares of the auto parts company's stock after acquiring an additional 351,876 shares during the quarter. FIL Ltd owned approximately 3.07% of Autoliv worth $223,433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. boosted its position in shares of Autoliv by 1.8% in the fourth quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company's stock worth $595,000 after purchasing an additional 115 shares during the period. CIBC Asset Management Inc boosted its holdings in Autoliv by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company's stock worth $235,000 after buying an additional 124 shares during the period. Quantinno Capital Management LP increased its stake in Autoliv by 0.6% in the 3rd quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company's stock worth $2,190,000 after buying an additional 130 shares in the last quarter. US Bancorp DE raised its holdings in Autoliv by 3.5% during the fourth quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock valued at $358,000 after acquiring an additional 130 shares during the period. Finally, AlphaQuest LLC lifted its position in shares of Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after acquiring an additional 134 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autoliv

In other Autoliv news, EVP Per Jonas Jademyr sold 401 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total value of $39,638.85. Following the transaction, the executive vice president now directly owns 685 shares in the company, valued at $67,712.25. This represents a 36.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Fredrik Westin sold 1,803 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total transaction of $178,839.57. Following the transaction, the chief financial officer now directly owns 7,261 shares in the company, valued at approximately $720,218.59. This trade represents a 19.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,253 shares of company stock worth $915,534. 0.20% of the stock is currently owned by company insiders.

Autoliv Trading Up 0.7 %

NYSE ALV traded up $0.60 on Monday, hitting $80.75. 194,934 shares of the stock were exchanged, compared to its average volume of 799,995. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $129.38. The firm has a market capitalization of $6.25 billion, a P/E ratio of 10.01, a P/E/G ratio of 0.73 and a beta of 1.47. The stock has a fifty day moving average price of $91.55 and a two-hundred day moving average price of $94.64.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. Research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.47%. Autoliv's payout ratio is 34.70%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ALV. Wells Fargo & Company decreased their target price on Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Monday, December 16th. TD Cowen started coverage on shares of Autoliv in a research report on Friday, March 7th. They set a "buy" rating and a $116.00 price objective on the stock. Daiwa Capital Markets upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 target price for the company in a research report on Tuesday, January 7th. Pareto Securities downgraded shares of Autoliv to a "hold" rating in a report on Monday, February 3rd. Finally, HSBC downgraded shares of Autoliv from a "buy" rating to a "hold" rating and dropped their price objective for the company from $109.00 to $100.00 in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $115.93.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.